BASE Jumping Equipment Market
BASE Jumping Equipment Market Analysis, By Product Type (Containers or Harness Systems, Canopies, Wingsuits, Helmets), By Application (Recreational Users, Professional Users), By Region - Global Market Insights 2022 to 2032
Analysis of BASE Jumping Equipment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
BASE Jumping Equipment Market Outlook (2022-2032)
In 2022, worldwide sales of BASE jumping equipment will amount to a market valuation of US$ 228.9 million and are estimated to reach US$ 356 million by the end of 2032. The global BASE jumping equipment market is predicted to increase at a CAGR of 4.5% between 2022 and 2032.
BASE jumping is a high-risk sport and safety equipment such as BASE jumping parachutes, BASE jumping helmets, and BASE jumping harnesses are highly crucial in ensuring the safety of individuals participating in this sport.
BASE Jumping Equipment Market Size (2022)
US$ 228.9 Million
Predicted Market Value (2032F)
US$ 356 Million
Projected Market Growth Rate (2022-2032)
China BASE Jumping Equipment Market Share (2022)
Key Companies Profiled
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BASE Jumping Equipment Consumption Analysis (2017-2021) in Comparison to Growth Forecast (2022-2032)
The popularity of air sports has substantially increased over the past few years and people across the world have been increasing their involvement in adventurous activities to add some excitement to their lives.
Increasing preference for adventurous sports as a means to rejuvenate and de-stress from the busy lifestyle is anticipated to drive BASE jumping equipment demand across the forecast period.
Increasing penetration of wearable cameras and the rising popularity of sharing these adventurous experiences on social media platforms are also expected to attract more people towards BASE jumping and in turn, drive sales of BASE jumping gear.
Increasing disposable income and rising penetration of tourism and travel trends are also expected to favour BASE jumping equipment market growth over the coming years.
However, the high risks associated with the sport are expected to have a negative impact on BASE jumping equipment market potential through 2032.
Shipments of BASE jumping equipment across the world are expected to rise at a CAGR of 4.5% from 2022 to 2032.
Why is Global BASE Jumping Equipment Demand Rising Steadily?
“Supportive Government Initiatives to Drive BASE Jumping Equipment Sales”
While the risky nature of BASE jumping has resulted in bans on the sport in various countries, many countries are promoting adventurous sports to fuel the travel and tourism sector and boost economic development.
- India is one such example where Jyotiraditya Scindia, the Minister of Civil Aviation (MoCA), on June 7, 2022, announced the launch of the National Aero Sports Policy (NSAP, 2022), aimed at promoting all kinds of aerial sports. This policy will also encompass BASE jumping and skydiving.
Such initiatives can favor BASE jumping equipment shipments across the forecast period.
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What Major Challenge Does the BASE Jumping Equipment Market Face?
“Life-Threatening Nature of BASE Jumping to Hinder Sales of BASE Jumping Rigs”
BASE jumping is a high-risk sport that involves jumping from fixed structures at low altitudes and this causes many people to back out of practicing this sport and hence hampering the BASE jumping equipment market potential.
The increasing mortality rate during BASE jumping has led to a ban on this sport in various regions across the world. High risks associated with BASE jumping locations are also expected to constrain the demand for BASE jumping gear.
What Opportunities Can New Market Entrants Capitalize On?
“Integration of Technology to Enhance Experience of BASE Jumping”
BASE jumping is a thrilling and adventurous experience which is something that can’t be achieved other than doing it practically. This was a popular belief and since the risks associated with this sport are extremely high its practice is limited to a very few thrill-seekers.
However, technology is now expected to bring the thrill of BASE jumping to everyone just as it has been doing for many other sports.
A combination of technologies can be deployed to simulate the exact experience of real BASE jumping, and this is what James Jensen is bringing to the world with his new venture titled JUMP. JUMP was founded in November 2018 and has been since gathering a team of skilled professionals to bring the BASE jump experience to the VR world.
JUMP will provide a BASE jumping experience by combining wind systems, suspension systems, and virtual reality technology to simulate the experience with the accuracy of a centimeter to create maximum immersion. This experience will require an actual BASE jumping wingsuit and a BASE jumping helmet.
New BASE jumping equipment suppliers can focus on such innovative establishments and create new products that are integrated with advanced technologies to revolutionize the BASE jumping industry.
What is the Regional Outlook for BASE Jumping Equipment Manufacturers?
“North America & Europe Account for Hold Significant Market Share”
North America accounts for a prominent market share of 28.9% in the global BASE jumping equipment market landscape in 2022 and stands at a value of US$ 66 million.
Increasing popularity of adventure sports and the rising number of athletes taking BASE jumping lessons are major factors that could favour the BASE jumping equipment market growth in this region.
High tourism activity in Europe is expected to primarily drive sales of BASE jumping equipment in this region. Germany, France, Norway, and the U.K. are anticipated to be the most lucrative markets in this region through 2032.
Fact.MR, a market research and competitive intelligence provider, has compiled an in-depth assessment of BASE jumping equipment market trends and opportunities across all major regions.
BASE jumping equipment suppliers are focusing on launching new and innovative products to expand their business potential and increase their revenue generation capacity over the years to come.
- In 2020, BMW, a leading car manufacturer, unveiled a one-of-its-kind wingsuit strapped with two motors. Peter Salzmann, an Austrian BASE jumper and wingsuit pilot, flew this wingsuit of the future and gave a real-life demonstration of what possibilities this innovative design opens up for the world.
BASE jumping equipment manufacturers are expected to work on similar advanced and innovative products to reduce the risk of life for BASE jumpers.
Key Segments in BASE Jumping Equipment Industry Research
BASE Jumping Equipment Market by Product Type :
- BASE Jumping Containers or BASE Jumping Harness Systems
- BASE Jumping Canopies
- BASE Jumping Wingsuits
- BASE Jumping Helmets
- Other Product Types
BASE Jumping Equipment Market by Application :
- Recreational Users
- Professional Users
BASE Jumping Equipment Market by Region :
- North America
- Latin America
- FAQs -
Currently, the global BASE jumping equipment market is valued at US$ 228.9 million.
The market is slated to reach US$ 356 million by 2032.
By 2032, demand for BASE jumping equipment is expected to increase at 4.5% CAGR.
The European market stands at US$ 60 million in 2022.